Cargojet (TSE:CJT) Stock Price Crosses Below 200 Day Moving Average - Should You Sell?

Key Points

• Cargojet shares fell below their 200-day moving average (C$88.27), trading as low as C$84.90 and last at C$88.22, signaling a potential short-term bearish technical shift.
• Analyst sentiment is broadly positive — nine Buys and one Hold — with an average price target of C$125.45, implying significant upside from current levels.
• Recent results show C$1.47 EPS on C$284.7M revenue, a C$1.31B market cap and a 1.6% dividend, but the company carries a high debt-to-equity ratio (155.48) that investors should note.

Cargojet Inc. (TSE:CJT - Get Free Report)'s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$88.27 and traded as low as C$84.90. Cargojet shares last traded at C$88.22, with a volume of 120,049 shares changing hands.

Analysts Set New Price Targets

CJT has been the subject of several analyst reports. Desjardins upped their target price on Cargojet from C$117.00 to C$126.00 in a research report on Thursday, February 26th. Scotiabank raised their target price on Cargojet from C$115.00 to C$118.00 and gave the company an "outperform" rating in a report on Thursday, February 26th. Royal Bank Of Canada decreased their price target on Cargojet from C$151.00 to C$143.00 and set an "outperform" rating for the company in a report on Monday, December 22nd. Raymond James Financial increased their price objective on shares of Cargojet from C$95.00 to C$120.00 and gave the company an "outperform" rating in a research report on Friday, January 23rd. Finally, Canadian Imperial Bank of Commerce lifted their price objective on shares of Cargojet from C$106.00 to C$116.00 in a research note on Thursday, February 26th. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of C$125.45.

Cargojet Stock Down 2.8%

The company has a market capitalization of C$1.31 billion, a price-to-earnings ratio of 16.84 and a beta of 0.70. The company has a quick ratio of 0.79, a current ratio of 1.23 and a debt-to-equity ratio of 155.48. The firm has a 50 day moving average price of C$92.48 and a two-hundred day moving average price of C$88.27.

Cargojet (TSE:CJT - Get Free Report) last released its quarterly earnings results on Tuesday, February 24th. The company reported C$1.47 EPS for the quarter. Cargojet had a return on equity of 10.73% and a net margin of 8.08%.The business had revenue of C$284.70 million for the quarter. As a group, sell-side analysts expect that Cargojet Inc. will post 5.890933 earnings per share for the current year.

Cargojet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Monday, January 5th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, December 19th. Cargojet's dividend payout ratio is 26.72%.

About Cargojet

Cargojet Inc operates a domestic air cargo co-load network between sixteen major Canadian cities. The company provides dedicated aircraft to customers on an Aircraft, Crew, Maintenance and Insurance basis, operating between points in Canada, USA, Mexico and Europe. The company also operates scheduled international routes for multiple cargo customers between the USA and Bermuda, between Canada, UK and Germany; and between Canada and Mexico.

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